While in the 1950s it was common for people to stay with the same company for decades, that mentality does not apply to millennials.

In fact, a 2016 poll by Deloitte found that two-thirds of millennial respondents were planning on leaving their current positions by 2020.

This new younger generation simply doesn’t have the same loyalty and allegiance to a company, and is not as scared of switching jobs as their parents and grandparents.

To avoid losing valuable employees, make sure to find out what is important to your younger staff.

A high salary is not the only thing that’s vital to millennials, and a work/life balance may not be enough either, according to an article in entrepreneur.com.

It seems that millennials want purpose from work, which their manager must provide in order to keep them loyal to the organisation.

Provide Purpose

How do you provide purpose to your younger employees?

The first step is to include them in the bigger picture when it comes to their individual roles.

A marketing assistant can quickly get bored with similar tasks day after day, but being told that an idea for a recent campaign helped increase sales by five percent can make the person feel valued and important.

Involve the millennials working for you in the goals and plans for your department.

Explain how their contributions help the overall company, and how they directly influence the success of the firm.

This will provide them with a sense of purpose that will increase loyalty and engagement.

Mark Williams

Mark Williams is a learning and development professional, using business psychology and multiple intelligences to create fascinating and quickly-identifiable learning initiatives in the real-world business setting. Mark’s role at MTD is to ensure that our training is leading edge, and works closely with our trainers to develop the best learning experiences for all people on learning programmes. Mark designs and delivers training programmes for businesses both small and large and strives to ensure that MTD’s clients are receiving the very best training, support and services that will really make a difference to their business.